Xinyi Energy sees profit surge 23.4% in 1H2025 on acquisitions, operations

Xinyi Energy Holdings Limited announced a 7.7% increase in revenue to RMB1,210.2 million for the six months ended 30 June 2025 (1H2025), up from RMB1,124.0 million in 1H2024. Profit attributable to equity holders surged by 23.4% to RMB449.8 million, compared to RMB364.4 million in the prior period. Basic earnings per share for 1H2025 were RMB5.37 cents, an increase from RMB4.41 cents in 1H2024. Total electricity generated rose by 22.7%, largely due to the acquisition of a 30 MW utility-scale solar farm project and full operation of the 2024 Portfolio.

The Group's gross profit also increased by 3.5% to RMB747.4 million, though the gross profit margin slightly decreased to 61.8% from 64.3%. Finance costs saw a notable decrease to RMB147.5 million from RMB182.2 million in 1H2024, attributed to a decline in bank borrowing interest rates and a slight reduction in interest-bearing bank borrowings.

Total assets grew by 2.0% to RMB22,103.6 million, and net assets increased by 1.9% to RMB12,744.8 million as of 30 June 2025. The net gearing ratio improved to 54.0% from 55.8% at year-end 2024. The board declared an interim dividend of HK$2.9 cents per share for 1H2025, to be paid around 10 October 2025.